This 121-unit, 55,783-square-foot, six-story building, originally constructed in 1966 and operating as a motel, offers a prime opportunity for transformation into a modern hospitality destination. Situated on a 0.53-acre lot in the heart of Reno, this property is perfectly positioned for redevelopment into a high-end hotel or mixed-use project. The 1966 building was designed for hospitality use and is now offering the opportunity to renovate into 121 high-quality units, including 71 Studio units, 50 large Studios, and four two-story Penthouse Suites with rooftop deck access and 360-degree views. Potential amenities include a state-of-the-art gym, bike storage room, and expansive common areas. The courtyard can have fire pits, string lights, and elevators. Lastly, there is secured parking for residents and visitors. This property is ideal for a complete hospitality conversion, creating a vibrant downtown destination. Additional use cases could include residential or mixed-use applications. 200 Mill Street is positioned along the Truckee River, with direct access to the Tahoe Pyramid Trail and walking distance to all downtown amenities. It is adjacent to the Renaissance Hotel and across from the National Automobile Museum. It is surrounded by retail shops, restaurants, casinos, and cultural attractions. This prime locations offers convenient freeway access and proximity to Reno’s thriving commercial and tourism hubs. Property Metrics -Land Size: 0.53 acres -Interior Size: 55,783 square feet -Unit Mix: 121 thoughtfully designed units with flexibility for customization.